Minnesota Legislature
HF 305
as introduced - 87th Legislature (2011 - 2012) Posted on 01/31/2011 10:49am
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 01/31/2011 |
Current Version - as introduced
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14
A bill for an act
relating to financial institutions; authorizing a detached facility in Northern
Township under certain conditions.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. new text begin NORTHERN TOWNSHIP; DETACHED BANKING FACILITY.
new text end
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(a) With prior approval of the commissioner of commerce, a bank operating its
principal office in the city of Winger may establish and maintain not more than one
detached facility in Northern Township. A bank desiring to establish such a detached
facility must follow the approval procedure prescribed in Minnesota Statutes, section
47.54. The establishment of a detached facility under this section is subject to Minnesota
Statutes, sections 47.51 to 47.57, except to the extent those sections are inconsistent
with this section.
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(b) Paragraph (a) is effective the day after compliance by the governing body of
Northern Township with Minnesota Statutes, section 645.021, subdivision 3.
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